April Sales on LBI

Dated: May 2 2011

Views: 5469

For the month of April there were 25 single-family homes sold on Long Beach Island. The average sale price was $1,012,462 with homes selling for an average of 92.8% of their asking price. On average, homes spent 134 days on the market. April tends to be a fairly active sales month as a purchase in the March-May time frame will still allow buyers to make changes and renovations to their new home before summer and/or allow some time on the rental market if that is the new owners intention. The fact that there are currently 44 homes under contract helps demonstrate this trend. The LBI rental market has also shown a substantial amount of activity with most agencies on LBI reporting that rentals are higher this year than the past few years. Overall, more homes are on the rental market and more weeks have been rented than last year so this kind of activity always helps both the LBI real estate market and the LBI economy as a whole. As I am writing this update I am listening to the news on CNN that reports Osama Bin Laden is confirmed to have been killed. We should all take a moment to remember the brave sacrifice made by so many of our men and women serving overseas and rejoice in their successful efforts to defend our nation. God Bless America!
Blog author image

Nathan Colmer

LBI Office 12800 Long Beach Blvd Beach Haven Terrace NJ 08008 I have lived on LBI my entire life and am actually the 4th generation in my family to do so. This have given me a deep knowledge base ....

Latest Blog Posts

Proposed Skate Park In Beach Haven

The borough of Beach Haven hopes to have a brand new attraction and community draw by summer 2023: a skatepark. The proposed skatepark would be located to the west of the basketball court on

Read More

St Francis Festival Of The Sea

   The carnival returns to LBI on August 9th for five nights of family fun! The 2022 Festival of the Sea Carnival takes place at the St. Francis Community Center grounds in Long Beach

Read More

Is Your Home Too Dated For The Market

Ok, I get it – you adore that wallpaper in your kitchen. After all, it's beenhanging there since 1989.  The problem is, if you hope to sell your home for the most amount possible,you're

Read More